Australia Loans $45 Million Sweetener to Fund Tim Tam’s Global Expansion

Support will refinance $1.75 billion in debt maturing in 2026 and back Arnott’s growth plans.

Tim Tams are seen during Vox Media's 2022 Code Conference - Day 2 in Beverly Hills, Calif., on Sept. 7, 2022. Randy Shropshire/Getty Images for Vox Media

Australia’s National Reconstruction Fund Corporation (NRFC) has provided a $45 million (US$30 million) loan to the Arnott’s Group, positioning the country’s most famous biscuit to scale up exports and accelerate its global ambitions.

The funding will support the refinancing of $1.75 billion in existing debt maturing in 2026 and is tied to what Arnott’s has described as “planned future growth capital expenditure.”